Morning Juice – Europe Session Prep
Good morning, Traders!
It is Wednesday, the 29th of January. Here is what to expect for the day.
Sentiment
Australia’s core inflation fell more than predicted in the last three months of 2024, paving the way for an rate cut as early as next month and sending the Aussie Dollar down.
According to persons familiar with the situation, the EU is considering a gradual embargo on Russian aluminium imports as part of a broader sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine.
Rachel Reeves will promise to go further and quicker to help the UK economy by unblocking new infrastructure projects, as she strives to entice investors and regain corporate support following a bumpy start to her stint as Chancellor.
Sceptics of Trump’s promised tariffs are especially concerned that they will raise inflation and interest rates. The most important takeaway from his previous trade war, however, may be that the impact on GDP is more significant.
Speakers
10:00 ET
UK’s Chancellor Reeves Speaks
Good luck!